UNDERWRITING AGREEMENTUnderwriting Agreement • December 2nd, 2015 • Algonquin Power & Utilities Corp. • Electric services • Ontario
CIBC World Markets Inc. ("CIBC"), TD Securities Inc. ("TD Securities", and together with CIBC, the "Joint Bookrunners"), BMO Nesbitt Burns Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Desjardins Securities Inc., Canaccord Genuity Inc., Cormark Securities Inc. and Industrial Alliance Securities Inc. (individually, an "Underwriter" and collectively, the "Underwriters") understand that Algonquin Power & Utilities Corp. (the "Corporation") proposes to issue and sell 14,355,000 Common Shares of the Corporation (the "Firm Securities"). In addition, the Underwriters understand that the Corporation proposes to grant to the Underwriters a one-time option (the "Over-Allotment Option") to purchase additional Common Shares from the Corporation (the "Optional Securities") for the sole purpose of covering over-allotments, in an amount equal to up to 15% of the number of Firm Securities (collectively, the Firm Securities and the Optional Securities are referr
